Okta, a privately owned software development company founded in 2009 and headquartered in the US, employs approximately 7,650 people. Its primary product is the Okta Identity Cloud, a platform designed to facilitate secure access for individuals to various technologies within organizations.
On September 17, 2025, Larissa Schwartz, Chief Legal Officer and Corporate Secretary, sold 3,348 shares in Okta for $301,875. A Forrester study shows Okta Identity Governance can deliver a 211% return on investment, resulting in $2.6 million in total benefits and a net present value of $1.8 million, with a payback period under six months. Okta partnered with the McLaren Formula 1 team. Okta's Businesses at Work 2025 report, using anonymous user data, analyzes the impact of a global pandemic, the rise of AI, and cyber threats on the future of work. One company transitioned to Okta's ISPM tool, gaining more data access at a lower cost.
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